Novartis: Q2 Earnings Snapshot
By AP News
Published - Jul 18, 2023, 05:06 AM ET
Last Updated - Jul 18, 2023, 05:06 AM EDT
BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Tuesday reported second-quarter earnings of $2.32 billion.
The Basel, Switzerland-based company said it had net income of $1.11 per share. Earnings, adjusted for non-recurring costs, were $1.83 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The drugmaker posted revenue of $13.62 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $13.2 billion.
